-
Dollar Index Threatens Trend, USD JPY Building Base Around 82.00
The Dow Jones-FXCM U.S. Dollar Index (Ticker: USDollar) is 0.35 percent lower from the open after giving back the overnight advance to 9,963, and the dollar may track lower over the near-term as it remains stuck within the downward trending channel carried over from the previous month. However, as 9,900 continues to provide interim support, awe should see a small correction over the next 24-hours of trading, and we may see the index threaten the downward trend should the central bank continues to soften its dovish tone for monetary policy. As the FOMC meeting minutes comes into focus, the policy statement is likely ... (full story)
- Comments
- Comment
- Subscribe
- Comment #1
- Quote
- Apr 2, 2012 4:43pm Apr 2, 2012 4:43pm
- Dr. forex
- | Joined May 2011 | Status: Member | 697 Comments
- Comment #2
- Quote
- Apr 2, 2012 5:17pm Apr 2, 2012 5:17pm
- Freddyfx
- Joined Jul 2007 | Status: Member | 52 Comments
- Comment #3
- Quote
- Apr 2, 2012 5:18pm Apr 2, 2012 5:18pm
- chodd22
- | Joined Jul 2011 | Status: Member | 51 Comments
- Comment #4
- Quote
- Apr 2, 2012 5:31pm Apr 2, 2012 5:31pm
- jaygee
- | Membership Revoked | Joined Jul 2010 | 2713 Comments
- Comment #5
- Quote
- Apr 2, 2012 6:07pm Apr 2, 2012 6:07pm
- chodd22
- | Joined Jul 2011 | Status: Member | 51 Comments
- Comment #6
- Quote
- Apr 2, 2012 6:34pm Apr 2, 2012 6:34pm
- Dr. forex
- | Joined May 2011 | Status: Member | 697 Comments
- Comment #7
- Quote
- Apr 3, 2012 12:00am Apr 3, 2012 12:00am
- teagueAMX
- | Joined Nov 2011 | Status: Member | 1 Comment
- Comment #8
- Quote
- Apr 3, 2012 2:00am Apr 3, 2012 2:00am
- Guest
- | IP XXX.XXX.111.99